It was a solid week for the markets with the S&P 500 index ($SPX) advancing above its key 200-day moving average which was a major area of possible upside resistance.…
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As the week ends, let’s use GoNoGo Charts to get a sense of market moves. The chart below shows the $SPY with daily prices and the full suite of single…
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Week Ahead: Expect Markets To Trade With Positive Bias So Long As These Levels Are Defended; These Sectors To Do Well
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In the previous weekly technical note, it was mentioned that the markets may continue to stay in a trading range until they trade below the crucial 18300 level which is…
Over the past couple of weeks, the performance of the IT stocks has remained quite muted; the NIFTY IT Index has come off from its November highs and has consolidated…
Quarterly earnings is a time when management teams announce whether they’ve kept all their promises that were made over the prior 90 days. These quarterly earnings announcements should not be…
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At the Edge of Chaos: Has the Game Changed? Possible Buy Signal for Stocks Emerges
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Bearish stock traders are suddenly in a tough spot as major technical indicators flash potential buy signals. In addition, liquidity has stabilized, and money flows have suddenly turned positive for stocks. This…
Trevor Lawrence put in a performance for the ages in the AFC Wild Card game on Saturday. Chapeaux! Lawrence started the game with four interceptions in the first half but…